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Thread: Economy is Great: Do Not Believe Leftist Lies

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    Quote Originally Posted by Terri4Trump View Post
    He did not look desperate. You're just an ignorant lying sack of shit.
    Not only is he desperate, but he is losing his mind. His administration talks about his crazy behavior and his terrible temper. He is repeating over and over, more than is normal for him even. He has not given a press conference in years. He stopped the daily pressers. He is trying to increase the covers he put around his admin.
    One big economic boon will be the tell-all books from his former advisers and administration survivors. He will have to build a library for just them.

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    The inverted yield curve predicts a recession. It has been a reliable predictor.

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    Quote Originally Posted by evince View Post
    it refuses to respond
    Fuck off you cock gobbling faggot. I have other things to do than argue with a BITCH like you

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    Trump has set economic growth on fire. Here is how he did it
    Source CNBC

    During his time in office, the economy has achieved feats most experts thought impossible. GDP is growing at a 3 percent-plus rate. The unemployment rate is near a 50-year low. Meanwhile, the stock market has jumped 27 percent amid a surge in corporate profits.

    Friday brought another round of good news: Nonfarm payrolls rose by a better-than-expected 201,000 and wages, the last missing piece of the economic recovery, increased by 2.9 percent year over year to the highest level since April 2009. That made it the best gain since the recession ended in June 2009.

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    https://www.theatlantic.com/ideas/ar...-great/595408/

    Here are some facts about the American economy:

    Jobs have grown for 106 consecutive months, the longest streak on record.
    At 121 months, this is the longest bull market in American history.
    The unemployment rate has been at 4 percent or less for 16 consecutive months, the longest such streak in 50 years.
    Inequality remains a crucial problem, but wages are now growing the fastest among the lowest-wage industries, thanks to state-by-state increases in the minimum wage and the effects of low unemployment.
    The University of Michigan’s consumer-sentiment index, which peaked at 112 in 1999, has hovered above 90 for more than four years, something that hasn’t happened since the 1990s.
    Latino unemployment has fallen to its lowest rate on record.
    Black unemployment, too, has fallen to its lowest rate on record, and, as the investor and Bloomberg columnist Conor Sen points out, the unemployment rate for black teenagers, which peaked at 48.9 percent in 2010, has plunged to yet another record low in 2019.

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    Quote Originally Posted by Terri4Trump View Post
    ME: We all know why the Left is screaming "Nazi" and "Racist" every day, its because they cannot touch Trump on the economy. Greatest jobs numbers in 50 years for God's sake!! Here is a great article on Economic points to look at:

    How Is the US Economy Doing?
    Six Facts That Tell You How the Economy Is Really Doing
    BY KIMBERLY AMADEO Updated August 02, 2019
    https://www.thebalance.com/how-is-th...-doing-3306046

    There are six facts that tell you how the economy is doing. Economists call them leading economic indicators because they measure the early influencers on growth. In July 2019, they report that the economy is doing well. It has steady growth, low unemployment, and little inflation. That's called the Goldilocks economy because it's neither too hot nor too cold

    1) 164,000 Jobs Added In July 2019 = Strong
    In the Non-farm Payroll Report, the Bureau of Labor Statistics surveys how many workers businesses added to their payroll each month. It doesn't count farm workers because farming is seasonal. A healthy economy will create 150,000 jobs on average. Companies will only add workers when they have enough demand to keep them busy.
    Manufacturing jobs are an especially important indicator. According to the National Association of Manufacturers, the 12.75 million Americans who work in manufacturing earn an average $84,832 a year, including benefits. When manufacturers start laying them off, it means the economy will be heading into a recession. For example, manufacturers hired fewer workers starting in October 2006 when compared to the prior year.
    The unemployment rate is also reported. It's a lagging indicator and so isn't as useful a statistic. Companies usually wait until a recession is well underway before laying off workers. It also takes a while to reduce the unemployment rate, even after hundreds of thousands of new jobs are being created
    .

    Number 2 is coming up in my next post. Read them all: CLICK HERE
    The trouble is that Trump's attempts to bully Iran into submission will cause a war, and the price of oil will go sky-high, buggering the world economy. Alexander the Great was the last bloke to conquer them convincingly, and Trumpf is not quite in his class, I think.

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    Quote Originally Posted by Penderyn View Post
    The trouble is that Trump's attempts to bully Iran into submission will cause a war.......
    Good.They have earned their destruction a hundred times over since 1979

    Quote Originally Posted by Penderyn View Post
    and the price of oil will go sky-high
    Iran destroyed half of the Saudi production capability. What do you think THAT will do.

    Quote Originally Posted by Penderyn View Post
    and Trumpf is not quite in his class, I think.
    Trump is the greatest president ever



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    How Terri can walk around in total ignorance is a marvel of medicine. https://www.bisnow.com/national/news...on-rates-99457 Business people are worried. Economists are worried. There are indicators flashing red. Try reading financial blogs and economists. Parroting right wing programs is not convincing.

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    Quote Originally Posted by evince View Post
    it refuses to respond


    Its a fucking russo bot hole
    Definitely from somewhere deep in the bowels of the Kremlin...or Putin's a-hole.

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    Quote Originally Posted by Terri4Trump View Post
    https://www.theatlantic.com/ideas/ar...-great/595408/

    Here are some facts about the American economy:

    Jobs have grown for 106 consecutive months, the longest streak on record.
    At 121 months, this is the longest bull market in American history.
    The unemployment rate has been at 4 percent or less for 16 consecutive months, the longest such streak in 50 years.
    Inequality remains a crucial problem, but wages are now growing the fastest among the lowest-wage industries, thanks to state-by-state increases in the minimum wage and the effects of low unemployment.
    The University of Michigan’s consumer-sentiment index, which peaked at 112 in 1999, has hovered above 90 for more than four years, something that hasn’t happened since the 1990s.
    Latino unemployment has fallen to its lowest rate on record.
    Black unemployment, too, has fallen to its lowest rate on record, and, as the investor and Bloomberg columnist Conor Sen points out, the unemployment rate for black teenagers, which peaked at 48.9 percent in 2010, has plunged to yet another record low in 2019.
    Who was president 100 months ago? You just proved that Obama created a growing economy and Trump inherited it. Bull Market created by Barack. You finally admitted it. Yes, Trump is getting great help from Obama.

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    Quote Originally Posted by evince View Post
    https://www.dfl3cd.org/why-trickle-d...t-not-in-fact/


    that author says trickle down doesn't work
    That author, much like you, must be a failure in life.

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    Quote Originally Posted by CFM View Post
    That author, much like you, must be a failure in life.
    Agreed.

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